The consolidated net sales reported in Q1FY21 came in at Rs 673.72 crore, which declined by 5.44 per cent YoY from Rs 712.49 crore in Q1FY20.

It expects to reach an average gross revenue rate of Rs 150-Rs 155 crore per month in the next 3 months. This is a 14 per cent increase in the average volume and revenue on a YoY basis.

Avantel, a small-sized telecom equipment manufacturer, informed on Friday that it has signed a contract worth Rs 96.76 crore with IHQ, MoD (Indian Navy), for the supply of communication equipment for Indian Naval ships. Looking at its annual revenue of Rs 52 crore for FY20, this order is of quite a significance to the company.

The company reported consolidated net sales of Rs 179.43 crore in Q1FY21, which declined by 71.94 per cent YoY from Rs 639.53 crore in Q1FY20.

The market opened in green on August 28, 2020.

The market opened in green on August 28, 2020, overall volumes in futures & options currently stand at 5,12,97,629 crore contracts with a turnover of Rs. 35,09,028.64 crore.

The market opened in green on August 28, 2020, overall volumes in futures & options currently stand at 5,12,97,629 crore contracts with a turnover of Rs. 35,09,028.64 crore.

Net interest income (NII) stood at Rs 4.46 crore as against Rs 3.97 crore it reported in Q1FY20. A growth of 12.3 per cent YoY.

Markets are likely to end the week on an optimistic note amid strong global cues.

In the coming session, the zone of 11,530-11,500 is crucial to monitor as it is the confluence of upward sloping trendline support and 20-hour EMA level. Failure to hold above the 11,500 mark could be the first sign of weakness. Stocks in news: Yes Bank Ltd, Artson Engineering Ltd, Mahindra & Mahindra Ltd, GMR Infrastructure Ltd.